Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options

RX350 Money Factor

steve75068steve75068 Member Posts: 3
edited July 2018 in Lexus
Please confirm MF I was quoted from the Dealer Lease Retention Manager is a good offer. If not, what would be the best MF number I should expect for this lease deal:

2018 RX350, FWD, NAV PKG, PREMIUM PKG etc.
List Price= $53,679
ACC = $49,600
RV= 57%($30,597)
MF= .00041

Lease Terms: Single Pay, 36 Months, 7,500 miles, Zip Code 75068

For Your Information, here is the deal I received in 2015 from the same dealer :smile:

2015 RX350, FWD, NAV PKG, PREMIUM PKG etc.
List Price= $50,128
ACC = $46,800
RV= 62%($31,079)
MF= .00001
Lease Terms: Single Pay, 36 Months, 7,500 miles, Zip Code 75068

I am well aware the Fed Funds Rate in 2015 averaged 0.13% and is now 2.0 % and will be steadily rising.
Looking forward to receiving your input and opinion.
Tagged:

Best Answer

Answers

  • Options
    kyfdxkyfdx Moderator Posts: 237,228
    steve75068 said:

    Please confirm MF I was quoted from the Dealer Lease Retention Manager is a good offer. If not, what would be the best MF number I should expect for this lease deal:

    2018 RX350, FWD, NAV PKG, PREMIUM PKG etc.
    List Price= $53,679
    ACC = $49,600
    RV= 57%($30,597)
    MF= .00041

    Lease Terms: Single Pay, 36 Months, 7,500 miles, Zip Code 75068

    For Your Information, here is the deal I received in 2015 from the same dealer :smile:

    2015 RX350, FWD, NAV PKG, PREMIUM PKG etc.
    List Price= $50,128
    ACC = $46,800
    RV= 62%($31,079)
    MF= .00001
    Lease Terms: Single Pay, 36 Months, 7,500 miles, Zip Code 75068

    I am well aware the Fed Funds Rate in 2015 averaged 0.13% and is now 2.0 % and will be steadily rising.
    Looking forward to receiving your input and opinion.

    .00055 MF and 57% residual
    $2000 lease cash

    The single-pay discount is .00100, taking your rate down to .00001.
    Dealers are allowed to markup the rate, even on single-pay. The maximum markup on a single-pay lease is .00040, and it appears your dealer is taking the full increase.

    Maybe, that should be the Dealer Lease NON-Retention Manager.. ;)

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Options
    steve75068steve75068 Member Posts: 3
    kyfdx,Thanks for the rapid response.

    First, I assume the .00055/57/2K numbers you indicate would be a fair offer for a multi- pay 36 mo. lease for this vehicle. Please confirm.
    Second, not understanding your opening sentence:
    "The single-pay discount is .00100, taking your rate down to .00001." Can you explain the math here and how one gets from .00055 down to .00001 MF?
    Lastly, you state that the dealer can markup the single pay MF to a max. of .00040. It appears my guy is currently
    a bit over this max.
    What would you consider a fair markup on the .00001 MF and where my counter offer target MF should start and or end up?
    Your further information and guidance here will greatly assist my further negotiation on this 2018 RX350.
  • Options
    steve75068steve75068 Member Posts: 3
    Great stuff. Thanks to you, I now have a full understanding of how it all works.I will be able to go in and negotiate from a position of knowledge.Should I not get the right number, I shall walk away.
Sign In or Register to comment.

Helpful Tools

Most popular vehicles